PGIM Global High Yield Fund (NYSE:GHY) Shares Up 1.1% – Should You Buy?

Posted by Stanley Muller on Nov 6th, 2026

Shares of PGIM Global High Yield Fund, Inc (NYSE:GHY – Get Free Report) shot up 1.1% during trading on Wednesday. The stock traded as high as $11.01 and last traded at $11.0020. Approximately 234,306 shares were traded during mid-day trading, an increase of 48% from the average daily volume of 158,447 shares. The stock had previously closed at $10.88.

PGIM Global High Yield Fund Price Performance

The business has a 50-day simple moving average of $11.02 and a two-hundred day simple moving average of $11.78.

PGIM Global High Yield Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Thursday, November 12th will be issued a $0.1050 dividend. The ex-dividend date of this dividend is Thursday, November 12th. This represents a $1.26 annualized dividend and a dividend yield of 11.5%.

Hedge Funds Weigh In On PGIM Global High Yield Fund

Several institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE acquired a new position in PGIM Global High Yield Fund in the second quarter worth $730,000. Envestnet Asset Management Inc. grew its holdings in shares of PGIM Global High Yield Fund by 177.9% during the second quarter. Envestnet Asset Management Inc. now owns 453,420 shares of the company’s stock worth $5,486,000 after purchasing an additional 290,279 shares during the last quarter. Susquehanna International Group LLP acquired a new stake in shares of PGIM Global High Yield Fund in the second quarter valued at $203,000. IMC Chicago LLC acquired a new stake in shares of PGIM Global High Yield Fund in the second quarter valued at $246,000. Finally, Landscape Capital Management L.L.C. raised its holdings in shares of PGIM Global High Yield Fund by 95.2% in the second quarter. Landscape Capital Management L.L.C. now owns 84,811 shares of the company’s stock valued at $1,026,000 after buying an additional 41,372 shares during the last quarter.

PGIM Global High Yield Fund Company Profile

(Get Free Report)

PGIM Global High Yield Fund, Inc (NYSE: GHY) is a closed-end investment company that seeks to provide investors with a high level of current income, with capital appreciation as a secondary objective. The fund is managed by PGIM, the global investment management business of Prudential Financial.

The fund invests primarily in high-yield, below-investment-grade debt securities, commonly known as “junk bonds.” Its portfolio may include corporate bonds, loans and other fixed-income instruments issued by companies and governments in the United States and other countries.